Management and board increase their ownership in Novestra after acquisition of a total of 1 million shares from Lennart

Management and board increase their ownership in Novestra after acquisition of a total of 1 million shares from Lennart

Wed, Apr 18, 2001 11:47 CET

MANAGEMENT AND BOARD INCREASE THEIR OWNERSHIP IN NOVESTRA AFTER
ACQUISITION OF A TOTAL OF 1 MILLION SHARES FROM LENNART TENGROTH
In all, eight persons within Novestra's management and Board have
acquired a total of 1,000,000 Novestra shares from Board member Lennart
Tengroth, whose holding after the transfer amounts to 1,071,505 shares
corresponding to 4.6% of the total amount of outstanding shares. The
main purpose of the transaction has been to provide key persons in the
company with the possibility to increase their ownership through a
transaction structure which links the price of the shares to the future
development in value of the Novestra share.
About Novestra
AB Novestra is one of the leading independent venture capital investment
companies in the Nordic region with focus on companies providing
enabling services and technologies for the communications industry.
Novestra's portfolio of companies includes B2 Bredband AB, Comintell
Holding AB, Continuum Group Ltd, Fanglobe Inc, Iquity Systems Inc,
Multilet AB, Netsurvey AB, PowerNet AB and Qbranch AB. Novestra's shares
are listed on the O-List of Stockholmsborsen.
For information regarding AB Novestra, please see www.novestra.com .
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